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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (331)	4/14/2005 10:53:57 PM
From: CF Rebel	Read Replies (2) \| Respond to of 1183

>>It is possible that oilers and adjacent industries are still scared of the possibility of the $10-20 oil to invest into infrastructure that would explore, extract and refine the $30-50 oil. They may be saying: "Yeah, oil is at $50 now, but what if it drops to $20 just as we get the infra built?<< Yesterday on Jim Cramer's Mad Money on CNBC, in talking about oil stocks he mentioned that drilling stocks haven't gone up as much as the producers. He attributed this to the old CEOs running the drillers not wanting to make the same mistake they made around 1980 of ramping up capex for increased production only to find oil prices plunge. CF Rebel